Interwar Period
In the years immediately after World War I, Britain, Japan and the USA all began design work on a new generation of ever more powerful battleships and battlecruisers. The new burst of shipbuilding that each nation's navy desired was politically controversial and potentially economically crippling. This nascent arms race was prevented by the Washington Naval Treaty of 1922, where the major naval powers agreed to limits on capital ship numbers. The German navy was not represented at the talks; under the terms of the Treaty of Versailles, Germany was not allowed any modern capital ships at all.
Through the 1920s and early 1930s only Britain and Japan retained battlecruisers, often modified and rebuilt from their original World War I designs. The line between the battlecruiser and the modern fast battleship became blurred; indeed, the Japanese KongÅ class were formally redesignated as battleships.
Read more about this topic: Battlecruiser
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“There is not any present moment that is unconnected with some future one. The life of every man is a continued chain of incidents, each link of which hangs upon the former. The transition from cause to effect, from event to event, is often carried on by secret steps, which our foresight cannot divine, and our sagacity is unable to trace. Evil may at some future period bring forth good; and good may bring forth evil, both equally unexpected.”
—Joseph Addison (1672–1719)